- Longevity Home Solutions
Building A New Home
Updated: Feb 22
What You Need To Know
By Longevity Home Solutions
With how crazy the housing market has been lately, many buyers are turning to building a new home instead of buying an existing one. This is a great option in times when inventory is low, or when you need a custom option for things like aging in place or adaptability, but there are some things you should know about building in these crazy times.
Your schedule is a guideline. Yes, your builder will give you an estimate for when your home will be done. The keyword there is ESTIMATE. There are many factors that could delay your move-in date. Recently, supply chain issues and shortages have been to blame for the delays. Everything from windows to door hinges has been delayed due to COVID-19 and the building industry is still fighting these delays. Things like weather and contractor availability also play into these delays, so be patient and have a backup plan if you’re planning a tight transition with selling your existing home.
Everything is more expensive right now. Existing homes aren’t the only thing that has skyrocketed. A stroll through the lumber section at your local hardware store will show you that lumber prices are up, but that’s not all. The previously mentioned supply chain issues have also caused price increases in every aspect of homebuilding. Be sure to adjust your expectations - and your budget - accordingly.
There are labor shortages. As mentioned above, there are many things causing delays, and one of the big ones is a labor shortage. Just like your favorite restaurant, the construction industry is experiencing an unprecedented labor shortage. So no, the crew isn’t taking the day off for fun, they just don’t have the manpower for full crews that you’re used to seeing.
Did we mention there are shortages? Chances are, your builder didn’t forget to order your siding. It’s much more likely that they ordered it… months ago… and the supplier is STILL experiencing a shortage of the product. So again, be patient and give everyone the benefit of the doubt!
Clear, open communication with your builder is the key to a low-stress build! If you have a question, ask! If you don’t like something being planned for the house, be sure to clarify it with your builder. It’s much easier to change something before it’s finished than after!
One more thing that's VERY important - design your home for your future. If you want to stay in your home for many years. Will your home adapt to your family's growth, changes in lifestyle, mobility issues that may arise? Having a first-floor master bedroom may not be important to you now, but it could make a big difference as you and your family members age. If you already live in the home of your dreams, adapting for current and future needs may be the perfect choice for you. Longevity Home Solutions is ready to design and build your custom home OR remodel the one you have so you and your home are prepared for the future. CONTACT US today.